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Personal Finances / Buying or Selling a Home


Subject:  Re: What a kick in the face Date:  11/4/2013  2:12 PM
Author:  BlueGrits Number:  126501 of 128866

I feel that if we decide to purchase a home in an area prone to flooding, we should be willing to pay the piper.

Freak natural occurrences affect areas regardless of whether they are "prone to flooding" or not. The house where I grew up is about a mile from the beach and survived hurricanes for decades with no flooding at all, but it got about 14 FEET of water from the Katrina tidal surge in coastal MS.

A number of people in my coastal hometown like living there because of the relatively low cost of living. But one thing they don't seem to realize is that the low cost has a reason: every few years there's a hurricane either coming through or grazing the town. So while people know this, they expect help all the time whenever a disaster occurs (regardless of how often they rile about "the gubmint").
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